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How can we protect our posting bonus on trading in Forex market?

It's true InstaForex broker and mt5 Forum give us best opportunity to learn about Forex and give us posting bonus for trading in Forex market but we destroy our posting bonus every month. So how can we protect our posting bonus on trading in Forex market?

trading in the forex market involves high risks which if not properly handled would only make the trader lose his funds whether a self-funded or bonus account. however, there are certain in-built ways of keeping the trading funds safe.

1. there is the chance to select a low lot size when trading. the lowest lot size with the instaforex broker is 0.01 which when used on a $500 trading account would keep the funds safe. in other words using low lots safeguard against huge losses and the eventual wipe off of the account.

2. there is the option to set a stop loss point for very trade a trader places such that the highest loss that could ever happen on the trade has been pre-known by the trader.

3. the use of good money management should be incorporated where just 0.5% to 2% of the funds are committed in real trading.

4. one can also safeguard ones trading funds by being able to apply the good traits of good traders: patience, discipline etc.

5. the trader should set low leverage for the trading account. the lower the selected leverage the safer for the funds in the account.

''Too many times we settle into a set way of thinking and accept limitations that need not be placed on us'' -John C. Maxwell

First thing is to make sure that you have gained enough trading skills and knowledge from practicing on a demo trading account over time, and secondly you must never use high trading lot on it because most of the losses we have seen here is due to high use of too much risk. Please, do not be anxious about making money yet but making sure that you execute good trades that is the only time you will protect your trading bonus account!

Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.If you do not take control of your risks then you lose control of your trades

you can protect it simply by trading wisely, and how does a trader trades wisely, its simply by making sure that you do not place trades without understanding what the market is telling you because failure to fully understand the market before trading it is an automatic way to lose money.

If we trade with our money or even if we trade with the posting bonus we have to make some things to protect our accounts from the loss :

1- we have to trade with plan to make 1% daily so if you have 100 dollar trade only to make 1$ daily and don't trade to make 10 or 20 dollar because this will end with big loss .
2- you have to control on your emotions as greed and fear because they always lead us to trading with high risk .
3- trade with stop loss to all your trades because this help you to stop your loss at small loss then you will be able to compensate it easily .
4- don't be patient on the loss and impatient on the profits because this always lead you to making loses more than your profits .

so if we followed the above advises we will be able to make our balances in safe from the big loss .

You protect your trading bonus same way you protect your trading funds on other trading accounts, by using very good money management. Only enter trades you're sure of and exit all positions during anticipated high impact news release.

I think this is up to the individual actually, well I think the best way to do that is by increasing our Knowledge of the market, why? It's obvious that it's lack of knowledge that makes us to loose the bonus frequently in the market, and if we can Try as Much as Possible to learn and develop a good strategy and back it up with a good money management, am sure our Bonus will be safe a little.

There is no other way, rather than applying the money management principle, that is all that is needed to carry out a very safe trading. Avoid trading the market with greed nor sentimental, Forex is not a game of gamble. therefore it is very important that traders understand the technicalities associated with the trade, so they don't loose their money.

I think that knowledge is the only things that can protect our posting money. Instaforex gives us the great opportunity for trading without investing our own money but some people destroy all the money though there are many people who are making constantly money from the bonuses. So, i think that if we gather great knowledge about the market then we can protect our bonus money and as well we can earn from it too.

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